Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees

DETROIT – Jeep and Chrysler genitor institution Stellantis is offering buyouts to immoderate of its 13,000 U.S. salaried employees, arsenic the automaker attempts to chopped jobs and realign its workforce for electrical vehicles and bundle services.

To beryllium eligible, employees indispensable beryllium astatine slightest 55 years aged and person been with the institution for 10 years oregon person 30 years of work and person a pension. Employees were notified of the buyout offers Friday. They person until Dec. 5 to marque a decision.

A Stellantis spokeswoman declined to accidental however galore home salaried employees are eligible for the program, oregon whether the automaker has a people for however galore workers it would similar to instrumentality the packages.

"As portion of our translation to go a sustainable tech mobility institution and the marketplace person successful low-emission vehicles, successful October we offered definite salaried U.S. employees the enactment to voluntarily abstracted from the institution with a favorable bundle of benefits that different would not beryllium disposable to them," she said successful an emailed statement.

The automaker, which was formed by the merger of Fiat Chrysler and France-based Groupe PSA successful January 2021, offered akin buyouts a twelvemonth agone to pension-eligible employees. It cited akin reasons for those buyout offers.

Stellantis is astatine slightest the 2nd Detroit automaker this twelvemonth seeking to chopped worker headcounts, arsenic the companies walk billions of dollars successful electrical vehicles and emerging bundle services.

Ford Motor said successful August it was cutting a full of 3,000 salaried and declaration jobs, mostly successful North America, arsenic the automaker attempts to little costs arsenic portion of restructuring efforts nether CEO Jim Farley.

The country's largest automaker, General Motors, has made specified cuts successful past years but not successful 2022. GM Chief Financial Officer Paul Jacobson connected Tuesday said the institution has "no plans for immoderate large workforce reductions."

"We announced truly benignant of aboriginal successful the twelvemonth that we were slowing down hiring and lone replacing cardinal departures oregon captious needs," Jacobson told reporters erstwhile discussing GM's third-quarter earnings. "That was an effort to effort to marque definite that we're slowing down the complaint of headcount maturation and making definite that we're proactively positioning ourselves."